Geely-backed car tech company takes aim at Nvidia's growing auto business
Publishing timestamp: 2024-02-29 02:31:12
Summary
Geely's Ecarx is aiming to compete with Nvidia in the market for in-vehicle tech as the electric car industry grows. Ecarx plans to target the mass market by offering products that compete directly with Nvidia's offerings, focusing on safety and simpler driver-assist tech. The company also aims to expand its overseas market share, leveraging geopolitical reasons that favor Chinese companies over competitors like Huawei.
Sentiment: MIXED
Tickers: UNDEFINED, NVDA, 175-HK,
Keywords: market insider, breaking news: technology, business news, stock markets, autos, markets, geely automobile holdings ltd, nvidia corp, ecarx holdings inc., technology,
Source: https://www.cnbc.com/2024/02/29/geely-backed-ecarx-takes-aim-at-nvidias-growing-auto-business.html